Nike plans $300M restructuring charges in FY 2026

NIKE, Inc. approved a cost realignment plan on February 27 aimed at operating more efficiently and supporting future growth.

Rhea-AI Filing Summary

NIKE, Inc. approved a cost realignment plan on February 27 aimed at operating more efficiently and supporting future growth. Management expects this plan, together with earlier actions, to generate approximately $300 million in pre-tax charges for the nine months ended February 28, 2026, primarily from employee severance.

The company expects substantially all of these charges to be recognized in the third quarter of fiscal year 2026. NIKE notes it may take additional actions that could lead to further charges in later quarters, and that the expected charges are estimates subject to assumptions and may differ, possibly materially, from current projections.

Insights

Equity research analyst

Nike plans about $300M in FY 2026 restructuring charges tied mainly to severance.

NIKE, Inc. is undertaking organizational changes to realign costs while continuing to invest in growth initiatives. Management expects approximately $300 million in pre-tax charges for the nine months ended February 28, 2026, largely related to employee severance, with most recognized in Q3 of fiscal 2026.

These actions indicate a meaningful restructuring effort that could affect near-term profitability as charges flow through results. The company also states it may pursue additional opportunities that could create further charges, and emphasizes that the current estimates are subject to assumptions and may differ, possibly materially, from actual outcomes.

8-K Event Classification

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

FAQ

What restructuring charges did NIKE (NKE) announce for fiscal 2026?

NIKE expects approximately $300 million in pre-tax charges for the nine months ended February 28, 2026. These costs are mainly tied to organizational changes and employee severance as the company seeks to operate more efficiently and support future growth initiatives.

When will NIKE recognize the announced $300 million in charges?

NIKE expects that substantially all of the approximately $300 million in pre-tax charges will be recognized in the third quarter of fiscal year 2026. The charges relate to organizational changes and are primarily associated with employee severance costs.

Why is NIKE taking $300 million in severance-related charges?

NIKE’s management is pursuing organizational changes to operate more efficiently and profitably while investing to reignite growth. As a result, it expects about $300 million in pre-tax charges, primarily for employee severance, over the nine months ended February 28, 2026.

Could NIKE incur additional restructuring charges beyond the $300 million?

Yes. NIKE states it will continue to evaluate opportunities and may take additional actions that could lead to further charges in future quarters. The currently expected approximately $300 million in pre-tax charges may therefore not represent the final total.

How uncertain are NIKE’s estimated restructuring charges?

NIKE notes that the expected approximately $300 million in pre-tax charges are estimates based on various assumptions, including local law requirements. It cautions that actual charges may differ, possibly materially, from these estimates as the plan is implemented.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/05/2026 - 04:32 PM Learn about SEC filing dates

0000320187false00003201872026-02-272026-02-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

February 27, 2026

Date of Report (date of earliest event reported)

NIKE, Inc.

(Exact name of registrant as specified in its charter)

Oregon			1-10635						93-0584541
(State or other jurisdiction of incorporation)			(Commission File Number)						(I.R.S. Employer Identification No.)

ONE BOWERMAN DRIVE

BEAVERTON, OR 97005-6453

(Address of principal executive offices and zip code)

(503) 671-6453

Registrant's telephone number, including area code

NO CHANGE

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Class B Common Stock			NKE			New York Stock Exchange
(Title of each class)			(Trading Symbol)			(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.05 Costs Associated with Exit or Disposal Activities

NIKE, Inc.’s (the “Company”) management has been evaluating opportunities to operate more efficiently and profitably through realigning costs, while also investing to reignite growth. On February 27, the Company’s management approved a plan to implement certain organizational changes, which together with previously approved actions, are expected to result in pre-tax charges of approximately $300 million for the nine months ended February 28, 2026, primarily associated with employee severance costs, and substantially all recognized in the third quarter of fiscal year 2026. The Company continues to evaluate opportunities and may take additional actions which could lead to additional charges in future quarters. The expected pre-tax charges are estimates and are subject to a number of assumptions, including local law requirements in various jurisdictions. Actual charges may differ, possibly materially, from the estimates provided above.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NIKE, Inc. (Registrant)
Date:			March 5, 2026			By:			/s/ Matthew Friend
									Matthew Friend
									Executive Vice President and Chief Financial Officer

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